LyondellBasell Industries NV (NYSE:LYB) – Stock analysts at SunTrust Banks issued their Q1 2018 earnings per share estimates for shares of LyondellBasell Industries in a report issued on Monday. SunTrust Banks analyst J. Sheehan expects that the specialty chemicals company will earn $3.03 per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $105.00 price target on the stock. SunTrust Banks also issued estimates for LyondellBasell Industries’ Q3 2018 earnings at $2.44 EPS, FY2018 earnings at $10.53 EPS and FY2019 earnings at $10.97 EPS.

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LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.18. The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.82 billion. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. LyondellBasell Industries’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Thursday, October 12th. Citigroup upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a report on Monday, December 18th. Morgan Stanley set a $115.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a report on Saturday, December 2nd. Vertical Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada restated a “hold” rating and set a $119.00 target price on shares of LyondellBasell Industries in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $107.84.

Shares of LyondellBasell Industries (NYSE:LYB) opened at $105.79 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $43,497.14, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.15 and a beta of 1.05. LyondellBasell Industries has a twelve month low of $78.01 and a twelve month high of $121.95.

Several hedge funds have recently modified their holdings of the company. Intrust Bank NA increased its position in shares of LyondellBasell Industries by 12.2% during the fourth quarter. Intrust Bank NA now owns 6,541 shares of the specialty chemicals company’s stock worth $721,000 after purchasing an additional 709 shares in the last quarter. Advisory Services Network LLC increased its position in shares of LyondellBasell Industries by 51.2% during the fourth quarter. Advisory Services Network LLC now owns 27,751 shares of the specialty chemicals company’s stock worth $3,061,000 after purchasing an additional 9,398 shares in the last quarter. Signition LP acquired a new position in shares of LyondellBasell Industries during the fourth quarter worth $264,000. Toronto Dominion Bank increased its position in shares of LyondellBasell Industries by 13.0% during the fourth quarter. Toronto Dominion Bank now owns 140,715 shares of the specialty chemicals company’s stock worth $15,523,000 after purchasing an additional 16,228 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of LyondellBasell Industries by 17.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 680,088 shares of the specialty chemicals company’s stock worth $75,028,000 after purchasing an additional 99,875 shares in the last quarter. 74.28% of the stock is currently owned by institutional investors and hedge funds.

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LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.